Now one has to be cautious and trade only in sure shot calls as the coming week is going to see the tightening of credit policy and same is due on 20 Apr and thus the correct trend for the market will be visible post this announcement of RBI and not to forget the results season. RBI is likely to further tighten the rates as same will be in correct interest of the nation to rein te inflation. We are going to see at least 25-basis-points hike and same is in the interest of the nation. Myopic people may say that it is bad for the industry, however overall it is good for the market in the longer time period. Kudos to Reserve Bank of India for doing tremendous task and keeping us unscathed from the world financial turmoil. The fall which has occurred in the market is healthy and is the right time to undertake the entry in short term delivery tips . Spat between regulators, SEBI and IRDA over regulating 'ULIP' products, reined-in the 'rally' in markets. Now one has to understand that maximum Nifty can rise is to the levels of 5500 as 5350-5400 will act as major resistance where it is going to see profit booking in every rally. The derivative segment analysis suggests that open interest is being reduced and cost of carry is being reduced which means that long positions are being unwinded. On the option front, implied volatility has remained flat and it shows that uncertainty will continue to persist.
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Baltic dry index is an important indicator which tells the state of world economy and it shows the amount of cargo being conveyed by ships and also reflects the shipping industry cargo rates.
| Indices | Support | Resistance |
| Nifty | 5150 | 5300-5350-5451 |
| Sensex | 17170 | 17870-18112 |
| Stock | Profit (Rs) |
| Tip | Trade was not initiated. |
| Share | Gains (Rs) |
| Tips | 16540 |
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 22530 |
Pir Health, Titan, GE Shiping, Sintex, Tata Steel, Zeel, Dabur, Ansal Infra, FSL & Rel Infra.
Weak futures
BEL, McDowell, Renuka, Triveni, Hind Petro, Punj Llyod, Bajaj Hind, India Info, Tech Mahindra & Sail Ltd.
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